Business 90, Section 10 Course Syllabus 1 San José State University Department of Marketing and Decision Sciences Business 90, Section 10: Business Statistics Fall Semester 2006 Instructor Information Instructor: Email: Rudolfo Angeles angeles r@cob.sjsu.edu Cell Phone: To Be Given Out in Class Office Location: Office Hours: BT 752 Wednesdays: TBD Thursdays: 5:00 PM to 5:30 PM Email is the preferred method of contact. You may contact me from 9PM to 10PM on weekday evenings during off-peak hours and anytime for emergencies. Course Specifics Class Meetings: Thursdays, 6:00 PM – 8:45 PM in BBC 107 Course Website: www.cob.sjsu.edu/angeles r Catalog Description: In terms of theory and application: collection and presentation of data; measures of central values and spread; probability as a measure of uncertainty; sampling and sampling distribution of the sample mean; confidence intervals; hypothesis testing; regression and correlation. Prerequisites: Business 91L – Business Computer Tools Math 70 – Finite Mathematics† † Course Textbook: You should be comfortable with elementary algebra, square roots, exponents, and logarithms. Levine, Stephan, Krehbiel, and Berenson. Statistics for Managers Using Microsoft Excel, 4th Edition, Prentice Hall. This text is required, as we will following it rather closely. Namely, we will cover these topics in the following order. Chapter 1: Introduction and Data Collection Chapter 2: Presenting Data in Tables and Charts Chapter 3: Numerical Descriptive Measures Chapter 4: Basic Probability Chapter 5: Some Important Discrete Probability Distributions Chapter 16: Decision Making Chapter 6: The Normal Distribution and Other Continuous Distributions Chapter 7: Confidence Interval Estimation Chapter 8: Fundamentals of Hypothesis Testing: One-Sample Tests Chapter 12: Simple Linear Regression As time permits, we shall also discuss analysis of variance, or ANOVA (Chapter 10) and chisquare tests (Chapter 11). Course Notes: The supplemental class notes will be posted at: http://www.cob.sjsu.edu/angeles r/Bus90CourseNotes.pdf The course notes will be regularly update; be sure to download the notes for the current lecture. Calculator: You need a calculator that handles basic arithmetic, exponents, square roots, and logarithms. Computer Use: We will be using the statistical software MINITAB in this course. MINITAB is available in the BBC open computer labs in Rooms 301, 302, 304, and 305. A 30-day trial version of MINITAB may be downloaded at http://minitab.com/products/minitab/14/demo/. Students may also rent or purchase MINITAB at www.e-academy.com/minitab/. Business 90, Section 10 Course Syllabus 2 Grading Evaluation Your course grade will be weighted as follows: Homework Assignments: Quizzes: 2 Midterm Exams: 10% 20% 40% –Higher of the Two Scores @ 25% –Lower of the Two Scores @ 15% Comprehensive Final Exam: Total: 30% 100% The standard 90/80/70/60 scale will be used. For example, a student who receives an overall course percentage of 80% is guaranteed a B–. Homework Assignments: Homework assignments will be assigned weekly and will generally be due the following week. Each assignment will be worth 10 points. I will assign anywhere between 1 and 10 problems on each assignment but will only grade one or two problems. Your homework score will decrease by 3 points for every additional problem that is left uncompleted. It is therefore your responsibility to complete every problem! Note that your lowest homework score will be dropped! Quizzes: Quizzes will be given almost weekly, starting with Week 2. The quiz schedule is posted in the course calendar, which is found on the last page of this syllabus. Notice that each quiz is marked by either Quiz Format A or Quiz Format B. On dates that we have quizzes, we will adhere to the following schedule: 6:00 7:15 7:35 7:45 Quiz Format A PM – 7:15 PM: Lecture PM – 7:35 PM: Quiz PM – 7:45 PM: Break PM – 8:45 PM: Lecture 6:05 6:25 7:30 7:45 Quiz Format B PM – 6:25 PM: Quiz PM – 7:30 PM: Lecture PM – 7:45 PM: Break PM – 8:45 PM: Lecture We will have about 10 quizzes in this course. If you miss a quiz, your score will be ZERO for that quiz. Note that your lowest quiz score will be dropped! Midterm Exams: Midterms will be closed books and closed notes. However, you may bring one 8.5”×11” crib sheet (front and back) that contains only formulas and formula descriptions; that is, sentences may NOT be included. Because the midterms account for a substantial portion of the overall grade, I will give you a review sheet that discusses the exam material two weeks prior to the administration date of the exam, and a review session will be held on the Saturday prior to the midterm. The midterm dates have already been set: Midterm #1 Midterm #2 (Week 5) (Week 12) September 21, 2006 November 9, 2006 Make-up midterms will only be given in exceptional cases. Refer to the make-up policy on exams. Final Exam: The final exam will be a cumulative, in-class examination. The final will be closed book and closed notes, but you may use three 8.5”×11” crib sheets (front and back) that contain only formulas. A make-up exam will only be given in exceptional cases; refer to the make-up policy on exams. The University Registrar has already set the final exam slot to be: Thursday, December 14, 2006: 5:15 PM – 7:30 PM Business 90, Section 10 Course Syllabus 3 Policy on Make-Up Exams: Make-up exams (the midterms and the final exam) will only be given according to the instructor’s discretion. A missed exam equates to a ZERO score for that particular test. If you know in advance that you will not be able to attend class on any of the scheduled exam dates, you should contact the instructor at least one week before the exam date. Of course, last-minute emergencies do arise, but in case of emergencies, you should contact the instructor as soon as possible. That being said, make-up exams will only be given under extreme, extenuating circumstances, such as the following: a university sponsored event, an out-of-town academic conference, or an extreme illness (with medical proof). Academic Integrity: Ultimately, you are responsible for your own learning! That being said, remember to maintain the highest level of academic integrity. Students who are caught cheating will be reported to the Judicial Affairs Officer of the University, as prescribed by Academic Senate Policy S04-12, which can be found at: http://www.sjsu.edu/senate/S04-12.pdf Important University Dates: It is your responsibility as the student to be informed about important academic dates, especially as they pertain to registration and withdrawal deadlines. The Fall 2006 University Schedule may be found at: http://info.sjsu.edu/web-dbgen/narr/soc-fall/rec-2.html Here is a listing of some important University dates. Thursday, August 24, 2006: Tuesday, September 5, 2006: Tuesday, September 12, 2006: Friday, September 15, 2006: Friday, November 10, 2006: Thursday-Friday November 23–24, 2006: Thursday, December 7, 2006: First day of instruction Last day to drop or withdraw without a “W” grade Last day to add courses; Instructor drop deadline Disenrollement for non-payment of Fall 2006 fees Veterans’ Day Observed (Campus Closed) Thanksgiving Holiday (No Classes) Last Day of Instruction This is certainly not an exhaustive list of all University events. Business 90, Section 10 Course Syllabus 4 Business 90, Section 10: Fall 2006 Tentative Course Calendar** Week Date 1 Aug 24 2 Aug 31 3 4 Quiz Format Textbook Reading Topics Ch. 1, 2 Course Introduction; Graphing Data in MINITAB A Appendix B; Ch. 3, 4.1 Summation Notation; Numerical Descriptive Measures; Basic Probability; Simpson’s Paradox Quiz #1: Chapters 1 & 2 Sep 07 A Ch. 4.2 & 4.3 Conditional Probability; LTP; Bayes’ Theorem Quiz #2: Chapter 3 & §4.1; Simpson’s Paradox Sep 14 A Ch. 5.1 & 5.2 Discrete Random Variables; Covariance and Its Applications in Finance Quiz #3: Conditional Prob. and Bayes’ Theorem Sep 16 Ch 1, 2, 3, 4, 5.1, 5.2 Saturday Review Session for Midterm #1 5 Sep 21 Ch. 1, 2, 3, 4, 5.1, 5.2 MIDTERM EXAM #1 6 Sep 28 Ch. 5.3, 5.5; 16.1, & 16.2 Binomial and Poisson Distributions; Introduction to Decision Making 7 Oct 05 A Ch. 16.2 & 16.3 More on Decision Making; Updating Probabilities via Bayes’ Theorem Quiz #4: Binomial and Poisson Distributions 8 Oct 12 B Ch. 16.3; 6.1 More on Updating Probabilities; The Normal Distribution Quiz #5: Criteria for Decision Making (Text §16.2) 9 Oct 19 B Ch. 6.6, 6.7, 6.2 CLT: Sampling Distribution of the Sample Mean and the Sample Proportion; Assessing Normality Quiz #6: The Normal Distribution 10 Oct 26 B Ch. 7.1, 7.2 Confidence Intervals for Population Mean µ; t-Distribution Quiz #7: Sampling Distributions of X̄ and ps 11 Nov 02 B Ch. 7.3, 7.4 Nov 04 Ch. 5.3, 5.5; 16; 6; 7 Confidence Intervals for the Population Proportion p Quiz #8: Confidence Intervals for µ Saturday Review Session for Midterm #2 12 Nov 09 Ch. 5.3, 5.5; 16; 6; 7 MIDTERM EXAM #2 13 Nov 16 Ch. 8.1, 8.2, 8.3 Intro to Hypothesis Testing; Z-Tests for µ when σ is Known 14 Nov 23 No Class Happy Thanksgiving! 15 Nov 30 B Ch. 8.4, 8.5 t-Test for µ; Z-Test for a Proportion p Quiz #9: Textbook Sections 8.1, 8.2, & 8.3 16 Dec 07 B Ch. 12.1, 12.2, 12.3 Finals Dec 09 Ch. 1 thru 8; 12; 16 Introduction to Simple Linear Regression Quiz #10: t-Test for µ and Z-test for a Proportion p Saturday Review Session for the Final Exam Dec 14 Ch. 1 thru 8; 12; 16 Comprehensive Final Exam: 5:15 PM to 7:30 PM **This is the tentative schedule, and the topics are subject to change depending on how quickly or slowly we progress in the course. However, the dates of the midterms and the final exam WILL NOT CHANGE.